SADC: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in SADC

The SADC non-self-propelled fork-lift truck market soared to $X in 2022, growing by 20% against the previous year. In general, consumption showed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Production in SADC

In value terms, non-self-propelled fork-lift truck production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 1,240% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in SADC

In 2022, exports of non-self-propelled fork-lift trucks in SADC surged to X units, increasing by 41% compared with the previous year. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 138% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck exports declined slightly to $X in 2022. Overall, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 22% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was approx. 95% of total exports in 2022. It was distantly followed by Zambia (X units), generating a 4.6% share of total exports.

Exports from South Africa increased at an average annual rate of +16.0% from 2012 to 2022. At the same time, Zambia (+25.7%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +25.7% from 2012-2022. While the share of South Africa (+28 p.p.) and Zambia (+3.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest non-self-propelled fork-lift truck supplier in SADC, comprising 83% of total exports. The second position in the ranking was held by Zambia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, dropping by -29.2% against the previous year. Overall, the export price faced a abrupt contraction. The growth pace was the most rapid in 2018 when the export price increased by 405% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (-10.4%).

Non-Self-Propelled Fork-Lift Truck Imports

Imports in SADC

In 2022, overseas purchases of non-self-propelled fork-lift trucks increased by 91% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 34,370% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Overall, imports saw noticeable growth. The pace of growth was the most pronounced in 2013 when imports increased by 64% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Africa was the major importer of non-self-propelled fork-lift trucks in SADC, with the volume of imports recording X units, which was near 70% of total imports in 2022. It was distantly followed by Mozambique (X units) and Botswana (X units), together achieving a 22% share of total imports. Zimbabwe (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck imports into South Africa stood at +15.6%. At the same time, Zimbabwe (+21.0%), Mozambique (+15.4%) and Botswana (+4.6%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +21.0% from 2012-2022. South Africa (+15 p.p.) and Mozambique (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Botswana saw its share reduced by -6.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported non-self-propelled fork-lift trucks in SADC, comprising 34% of total imports. The second position in the ranking was held by Mozambique ($X), with a 16% share of total imports. It was followed by Zimbabwe, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +9.8%. In the other countries, the average annual rates were as follows: Mozambique (+1.9% per year) and Zimbabwe (+15.1% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, declining by -37.3% against the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of 22,388%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (-4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform